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of low-wage americans and their times and the economy as a whole? the debate surrounding raising the minimum wage is the inside story. >> hello, i'm ray suarez. the wheels of the american economy turned with the labor of low wage workers across this country. the dishwashers, retail sales people and healthcare providers who toil at the federal minimum wage haven't seen a pay raise in four years and efforts in congress to find one have stagnated. cities, states, and counties are taking it on themselves to bring their workers to income levels closer to the fiscal realities of these tough times. and it's no easy task. as much debate surrounds the effectiveness of image wage hikes and who really benefits. do these wage controls cost jobs? we'll discuss the issue on this addition of "inside story." but first this background. >> they deserve to live a good life in one of the richest cities in the world. >> reporter: close to 100 people rallied outside washington, d.c. city council chamber as council members inside voted to raise the city's minimum wage to $11.50 an hour. >> congress' fa
, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about how we can make health care work better for our generation. we think that -- we're really exci
is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this c
economy could make the fed take off the training wheels. signs of recovery could pressure the federal reserve to start pulling back its $85 billion monthly stimulus program. the fed just released its beige book. it shows modest to moderate growth. finally, there are some concerns that holiday retail spending is off to a slow start. mean while, president obama turned from health care to the economy offering what the white house billed as a major address on american unequality. some are calling it a early preview of the state of the union and the upcoming initiatives to help the middle class. >> while we don't promise equal outcomes we strive to driver equal opportunities. a grandson, a son, a father, as an american, is to make sure that every striving hard working optimistic kid in mark has the same incredible chance this country gave me. over the course of the next year and rest of my presidency, that's where you should expect my administration to focus all of our efforts. >> let's look at that new address with friend of the show josh barrow, politics editor at business insider. welco
for it with those fees much more incremental. that helps reduce fiscal drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i accept the fact that the defense hawks didn't want the sequester, some budget movement has to occur. whether these user fees go through or not remains to be seen. but it's interesting because my friend jared bernstein and all his colleagues at the congressional budget office told us how bad it would be if we actually used the sequester and had budget caps, how it would damage the economy, how it would kill 700,000 jobs. and what's interesting, it didn't kill 700,000 jobs. actually jobs are rising. actually i venture to say in true milton friedman free market art laffer economies, i th
, good news about the economy, two brand new snapshots of the u.s. economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but the messa
? >> very much like peter said, many want more evidence the economy is indeed strong enough that they feel comfortable to pull back a bit because the last thing they want to do is pull back and have to reverse course. they stop asset purchases twice before only to come back in again. they don't want that to happen. december is a tough time to start tapering. a lot of people are on vacation, the market is very thin. the last thing they would want to do is potentially make a move leading to an exaggerated reaction in the bond market because again you have this. it will be a 2014 story. cheryladam: why not the january meeting? is that too soon? speak a lot of people have turned their forecast focus to . you don't have it press conference afterwards. you can always announce the decision to start doing press conferences after every meeting and that would put january into play. between the leadership transition, the fact they will not be doing new forecasts. we are looking for a very weak fourth-quarter gdp number. could only be half to 1%. adam: let me play devil's advocate. gdp in the last qua
will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill, i understand how important staff can be. there is no question that the spea
had to say. >> shut down everybody government.in but let's go to the state of the union. economy continuing to strengthen. no washington shutdowns. i think the president will people's d the confidence will recover. we need to push congress to do immigration, to do smart things to help the economy. the american people are sitting at home talking about all of the issues which is most important to me. job and my -- my income. and that's what washington needs to focus on. are merican people screaming at us. focus for us what's important to us. plouffe there writes -- paints a bright picture on the in zon for the white house terms of how things could go. how do you see that? >> the president said this is in hands. we can try to turn this around as david said about is health working. are people getting insurance? are insurance companies saying yes? right data.g the and, yeah, there are -- there not in that maybe short of term where the -- where the country starts saying, okay, bumpy start. but it's getting better. the economy is improving. at the same time, you -- you have a series of
/3 in that pew survey believe americans view greater involvement in the global economy is a greater thing. meaning when america is a strong country it's better for the world. >> we have seen that throughout history. and when we see economies like china coming up it's important to have our own economy keep going. people like to complain about america, but when something happens in the world, the philippines, the typhoon there, when something happens in the world guess who is the first country to go, the united states military and the charities. we are divide as a country on political lines. republicans and democrats are split on how they see our influence in the world. the democrats believe the president has broken his promises. he said we would leave iraq, afghanistan and close guantanamo bay. republicans are saying don't be apologizing for guantanamo bay when you are on foreign tour. bill: what do you think the apology tour did to our view of ourselves in the world? >> when you have the president of the united states going over to other countries and telling countries that we are the one
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
of like the economy last time around. we'll see. thanks so much. bill: i have been hearing that line for 3 years. give me a break. fox news alert minutes away from an answer from spa bankrupt american. the motor city is struggling with $18 billion in debt. mike tobin is at the courthouse. what as expected today. good morning. judge steven road is expected to rule on two points. the first point is whether the city is insolvent. the second point is whether the city negotiated in good faith. that is a little more subjective. attorneys representing pensioners say they were in talks with the city. so we'll watch that. if the judge rules that the city is eligible to move forward with bankruptcy protection they move forward with what's called the plan of adjustment, the largest debt restructuring of a municipality in u.s. history. if the judge says the city is not eligible for bankruptcy, the city gets flooded with a new round of lawsuits from creditors and the motor city has one big problem. bill: what's the chance those people lose their retirement in this deal? >> reporter: that's the issue th
by just 165 votes. today president obama is heading in to talk about the economy. here's a look at the arts and recreation campus. he will be speaking a few minutes from now. we don't expect him to make specific announcements, but he will urge congress to pass a budget and extend unemployment by the end of the year. three house committees are holding hearings that focus on the affordable care act's roll out. republicans in the committee say issues with healthcare.gov prove they can't handle undertakings. democrats disagree with that. >> we have before us an example of something that may be too big to swallow even for the u.s. federal government. >> our country's experience with social security in 1935, medicare in 1965 and a prescription drug program in 2005 democrats the government is capable of overcoming the initial problems with the implementation. >> president obama insists the program is working well. he spoke in front of people who said have benefitted from the new law and works well for the ma jorit of users. as you heard, republicans remain skeptical and you are hearing
is a record for this country. >> the president cites staps showing the economy's income gap is getting wider. >>> recordings from the 911 sandy hook elementary school were released. dispatchers urged callers to take cover as gunshots could be heard. al jazeera america will not play the audio of the 911 calls. >> police in mexico recovered a dangerous truck carrying radio active material. in the back a compound, cobalt-60. no arrests have been made, but anyone who touched it could die. >> four students at the university of the california, santa barbara recovered. many are worried about the outbreak and whether it will spread. it is allowing people to use a vaccine not approved in the united states. those are the headlines. "america tonight" is next. get the latest online at aljazeera.com. i'll see you back here tomorrow night. wells trapped this >> on "america tonight," in the world's richest nation, why is it so hard for so many to make a decent living? we will look at wealth, poverty and why a minimum wage just isn't enough. >> gas is up. hiring is up but our wages aren't up. >> south of th
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
stories. >> one family with a net worth -- >> the president says the economy income gap is threatening a dream. he says one solution would be an increase in the minimum wage. >>> thousands say they won't show up for work tomorrow. a one-day strike to demand higher pay is expected in more than 100 cities. workers average $9 an hour. 40 wells trapped this >> on "america tonight," in the world's richest nation, why is it so hard for so many to make a decent living? we will look at wealth, poverty and why a minimum wage just isn't enough. >> gas is up. hiring is up but our wages aren't up. >> south of the border, the mexican city fighting off drug and gang violence to give its young people a brighter future. >>> and beckham and the boys, the story behind manu and the class of '92. kiesh >>> good evening. thanks for joining us. i am joie chen. we begin looking at struggles of cities and workers and the future of both. money, how cities balance their economic needs and can protect their citizens. case in point, a fight for a living wage which has quietly quietly grown from a city by city mov
americas. our economy brightening somewhat for wealthiest, many americans falling behind. reality check, federal minimum wage is $7.25, but adjusted for inflation it's lower than it was in 1968 when lbj was president. there's a proposal in congress to raise federal minimum wage to $10.10. house republicans oppose it saying job growth. new jersey became the 20th state to join washington, d.c. raising the minimum wage above standard. contrast that with relatively good news, growth 3.6%. it is slightly misleading. most of the gains are because businesses stockpiling. it's a one-shot deal not because people are spendsing more showing growth and strength in the economy. weekly jobless claims did fall below 300,000, a positive indicator before the jobs report. cold comfort for americans protesting at 100 locations around the nation. >> fast-food workers say they have enough being stuck at the bottom. katy tur in brooklyn. >> reporter: many workers with fast-food jobs aren't teenagers, they are women over the age of 28. they say they can't support themselves or families off minimum wage. they
to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemployment rate, 13.2%, people who are unemployed
in our economy. >> joining me today, "washington post" columnist jonathan capehart, former white house press secretary and founding partner off-almost said founding father -- founding father and partner of inside agency robert gibbs, congressional reporter for buzz feed and political reporter and white house correspondent at the "huffington post" sam stein. we talked a lot about the pizza versus the pizza box. after the gop autopsy, the republican conviction they didn't actually need to change the product they were selling, they just needed to change the marketing. it's unbelievable me, the whole 47% thing clearly has not made a dent. nowhere do you see that in a more pronounced fashion than republican talking points on unemployment. >> largely, if you ask most members of the gop, 47% to them wasn't a gaffe, it's a belief. i heard it in debates i had with people all of last year before the tape was uncovered. i do think, look, this is one of those things that the republicans will either learn this the easy way or the hard way. i remember watching these debates about unemployment insura
that continues to maintain the availability of inexpensive natural gas that strengths the economy as well as help us reduce air emission. >> i appreciate that. i think it seems like a reasonable response. someone who asked you environmental law far long time. please, do what you can to work with the administration. so we don't have overlapping of potentially inconsistent regulations. very frustrating for the public. we want it to be done responsibly and in a way people can understand. thank you for being here. thank you, mr. chairman. >> thank you, mr. peters. >> the gentle mab from arizona. >> thank you. i only had two things i wanted to walk through. everyone in the committee with us here yesterday. i'm sorry, you're going hear the same stheem again. the large data bases that are used particularly in things like pm10 which is a big deal in the desert, southwest we have the thing called dirt. without grass on it. so it really does affect our lives. down to the individual -- because you and i know with all other type of data. you are a social an throw polks when you were being vetted and doing y
big story in the news the u.s. economy and jobs. positive news that more than 200,000 jobs were added in november. and the unemployment rate has fallen from 7.3% to 7%. that is a five-year low, down from a peak of 10% four years ago. wall street liked what it heard. the markets finished up across the board today. nbc's tom costello reports tonight on where the jobs are showing up. >> reporter: 24-year-old eddie christian is one face of an improving economy. after graduating from college and spending nine months searching for a job, he just landed at starwood hotels working in human resources. >> the fact that i have a sense of security o in a full-time job and the fact it's in my field, i feel lucky. >> reporter: employers added more than 200,000 jobs for each of the last four months. in november, many were good-paying jobs. 40,000 in education and health care. 27,000 in manufacturing. 17,000 construction jobs. so they're coming in the right places. they're coming slower than people wanted, but don't forget. we came from a very, very dark place. and so the light is starting to shine.
a playing field helps us you be able to buy more, helps the economy. >> she was part of 100 people who rallied outside of the washington, d.c. chamber council for a minimum wage. >> congress's failure to act and congress's failure to take care of those who have been left behind, not just from the recession but the people who want things to become better and better. we are becoming a hunt tree of haves and have nots. we need to be sure we have a living wage. >>> members of the council have one more round of voting before it goes through. president of the dc chamber of commerce insists the bill will hurt the local jobs market. >> for every 10% increase in the minimum wage, employment decreases by 1 to 3%. sot a small business person, that becomes a big deal. and it may be laying off a person to be able to afford to pay that. and that's not what you want people to do. >> this isn't the first time the nation's capitol has introduced living wage legislation. the controversial wal-mart bill proposed this summer would have required the super store and other large retailers to pay a wage of at
this is the defining challenge of our time. making sure our economy works for every working american. that's why i ran for president. it was the center of last year's campaign. it drives everything i do in this office. >> so, how has the economy done since he's been in office? the top 1% incomes are up 31.4%. the bottom 99% grew only 4% between 2009 and 2012 it the top 1% earned 19.3 of all household income. in 2012, their largest share since 1977. we will have a raucous debate between bob and eric. i can feel it coming. >> and you now with that lead of yours. >> what is wrong with the top of that lead? >> that was a bunch of crap. because rich people got their tax breaks. until they finally got them put back in. when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
the economy is still weak and i think we can accomplish that the next couple of days. >> congressman chris van hollen says he puts the chances of a deal at 50-50 and that any cuts to federal employees' pensions would be a deal breaker, at least for him. >> you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agribusinesses that get huge taxpayer subsidies to have a contribution. >> of course he has a slew of federal employees in his district. joining me now dnc congresswoman debbie wasserman schultz of florida. thanks for being here. now, the "washington post" quotes the head of a bipartisan think tank that this could be declared a victory is an indicator of how low the process has sunk. they haven't really done anything except avoid another crisis. and so i guess for me is are we just doing another version of kicking the can down the road or is there some sort of potential detente between the two parties when it comes to the budget? >> it doesn't appear there's going to be some sort of
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
. try campbell's homestyle soup. >>> the latest jobs report shows good signs for the economy. the unemployment rate dropped to 7% in november while 203,000 jobs were created. down from october's unemployment rate of 7.3%. these numbers come as many job seekers are preparing to take the traditional pause in their hubt for work in time for the holidays. but that may be a bad idea. john challenger is the ceo of challenger, gray and christmas. zachary karabell is a cnbc contributor. he's a writer as well. he's written a book as well. john, let me start with you. many folks put off their job search during the holidays thinking that companies don't hire during this time period. why is that not the right thing to do? >> first of all, the data doesn't support it. last november, over 4.66 million people found jobs in november, just slightly down in december. so it is a time when employers especially in this kind of 24/7/365 business environment we're in, they're always hiring. they always have issues. so the last thing you want to do is put your search on hold. the very fact that a lo
in six months. >>> cybersurge, why today's shopping frenzy is vital to the economy. >>> what iran is telling al jazeera about its nuclear deal. >> what are you talking about, he's dead. >> an exclusive investigation into prison health care. >> evey sunday night, join us for exclusive, revealing, and suprizing talks with the most interesting people of our time. this sunday, >> i spent my whole life thinking about themes and thinking about how to structure movies, so this is highly unusual. >> the director of the sixth sense, says there are five things we can do to fix education in america >> the united states has education apartheid, that's the facts... >> talk to al jazeera with m. night shayamalan sunday at 7et / 4pt on al jazeera america >> anest natean estimated 131 mn americans have gone online and spent big bucks. sales could top $2 billion. that would be a cyberrecord and 20% more than a year ago. online growth has been bigger than growth at bricks and mortar stores. and david strawser said it's been an especially hard year for retailers. >> the low-and middle-class has been
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on msnbc this week, he was asked about his manageme
for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually avoid a government shutdown. so i'm hopeful that even by the end of this week we'll be able to come together and achieve that. >> i certainly hope as part of it that the negotiators will take to heart what the president had to say. there are working families across america that are struggling. there are unemployed families who need a helping hand. we've got to protect and preserve the safety net in america and give these working families a fighting chance. >> so alex, of course there you have republican rob portman, democrat dick durbin. and you heard senator durbin talking about unemployment insurance. that is still the main sticking point. democrats, the president want unemployment insurance extended for 1.3 million americans. that's expected to expire at the end of the year. they say if that's not continued, it would be bad for those workers and also bad for the economy. republicans
economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights so that our kids are brought up in a good country without corruption where everything is fair. >> reporter: the crisis is reaching a crucial moment. the president believes he can survive with moscow's help. the protesters say they are ready for a long fight to the achieve their aims. tim friend, al jazeera, kiev. >>> moving to asia, a move that has increased the political crisis in thailand. members of that current tree's main opposition party resigned from parliament today. they called the current government illegitimate and are refusing to work with the prime minister. five people have been killed since massive protests began last month. demonstrators want the prime minister to step down. in egypt, police used tear glass to clear a crowd of protesters at as islamic university in cairo. they say students threw rocks at officers and were trying to block traffic at a major thoroughfare. they were supporters of morsi, four se
the internet of everything. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> welcome back to "the lead." i'm jake tapper. time for the world lead. he was a global icon for peace and nonviolence and his memorial service is obviously tomorrow. it's on pace to rival anything we have seen in decades in terms of size and security presence. among the throngs of mourners flocking to johannesburg right now to bid farewell to nelson mandela are 91 heads of st
, but the entire financial underpinnings of growth in the innovation economy is decades old. we realize that. we have set out to say what would venture investing look like if they were invented in 2013 if it was approached from a user experience point of view? what do people really want? how do we make there be less friction in this experience? >> i have started a couple of companies in 30 years. we do not know what raising capital was all about. we had no idea that they're supposed to be a process. it is only the last couple of years that i've learned that there was a process you are supposed to follow. i just went out and keep bugging people until they give you as much dollars as you needed. you have commoditized it for small companies. we get on average a couple of hundred e-mails a year that say hey, i have got a great idea. how do i get started? >> that touches on one of the key problems we saw that exist today. if you are out there raising capital, what are you not doing? you're not talking to your users or your customers. we are not building your product or services. fundraising becomes a
republicans out to be very bad for the economy. > the jobs number today, the president said a couple of days ago at the economic speech in seeing new 're not policy initiatives by the white house. everyone comfortable with the ecrease in unemployment as it has been or holding it down sooner or faster or a greater pace. what are they doing to achieve that? >> i appreciate the question. like what the president said the other day, we need to invest in the infrastructure. the republicans used to support that with democrats. we needed to get that done. we need to when the president put forward an idea, you know, is also that and lowering the corporate tax rate loopholes in a way that would be a better bargain for jobs in this country. to invest in universal prek. e need to continue to do the things that the president has jobs to rd to attract america from overseas and to n ing home jobs from america companies that are located overseas, bring them home to build on those trends. we need to continue to build on the trends, the positive trends we've seen in the manufacturing sector in this country. e
government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear from patty murray, i spoke to her the other night negotiations are making progress, moving in the right direction. >> congress has scheduled to begin its break this friday and not return until january the 7th. >>> well, a week after that deadly commuter train wreck in new york officials are upgrading signals. the new signals are expected to be up and running this morning. of course, four people were killed last sunday when a metro north train hit a stretch of track at nearly three times the speed limit. metro north now reducing the maximum speeds at 26 locations across the system. an attorney for the engineer op
difficult to forecast when it will be, in part because the economy is starting to behave more strongly and as a result that extends the time in which the treasury department can do things. they call them extraordinary measures, to prevent hungers from having to raise the debt ceiling. at some point in time congress will have to do that. the earliest is february, but much more likely that it is sometime close to the spring or even the beginning of the summer . then you will get the same debate over what to cut, whether we should look at tax hikes or entitlements. it is hard to see how they are going to get any kind of agreement on those areas, or to give only in an election year. host: turning away from the budget, the house is expected to adjourn on friday, and the senate shortly thereafter. a lot of high-profile legislation hanging in the balance. tell us about what is likely to make it to before the end of the 113th congress? that ishe only thing completely likely to get through it is a new defense authorization act. there will be a lot of interesting debates to watch on that to see
about klein because we know a lot of drops in sales have happened in china even though the economy there grew 8% in the third quarter. how does this impact the u.s. economy, as well? >> that's right. these are some of the most important companies to the u.s. economy. and already some are reporting their competitors in europe are stealing their business simply because these companies are able to say that they can offer better privacy protections and they don't have to help the sa snoop. microsoft's general counsel wrote in a blog post that customers won't use technology they don't trust. he says the government puts that trust at risk and the government has to help restore it, suzanne. >> evan, thank you so much. a lot of people are just thinking you can't -- there's no guarantee of privacy wherever you are. >> as i said, hardly the nsa but a lot of those companies have been accused of collecting plenty of data about us, as well. >> information. >> it's not the same thing about you. >> not altruistic. >> not at all. an american singer, check this out, not arab, nearly took the top pr
is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor
on cnn. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> memorials are growing and people in south africa are celebrating the life of nelson mandela, the civil rights icon died thursday at the age of 95. cnn's robin kurnow is live outside his home in johannesburg where it really is a place of holding vigil, at the same time celebrating his life. >> reporter: absolutely. it's like a pilgrimage here. south africans doing what they always do, they sing in times of happiness and in times of hardship. and this noise, this celebration, this la meant you hear behind me has been going on literally since thursday night. people singing over and over again, nelson mandela, nelson mandela, there's no one like you. now, many of these south africans behind me felt like they had a personal closeness with nelson mandela. they owe so much to him. and he had that way with people. his family saying today that he had time for everyone, kings and queens, rich or poor, great or small. and, in fact, one of those people was bill clinto
benefitted his country's economy. >> controversy over the latest projectproject on artist cristo. some say it will damage the eco-system. >> it's called "over the river". the arkansas in south central colorado. what cristo wants to do here is suspend hundreds of huge panels of silvery cloth nearly six miles of it in eight sections along a 42-mile stretch of the river. the drawing shows how the sun light will filter through the fafabric. >> the best way to see it is underneath on a raft drifting through big horn sheep canyon. >> we have 300,00 300,000 raften the summertime and that is spectacular to experience the project. >> it's a created play of light passing through the fabric reflecting through the water. up, not down. cristo and his team have been working for "over the river" for more than 20 years. they have had to get approval because much of the project is on emplo protected land. cristo is raising the $50 million that it costs by selling hundreds of works which he makes by hand. he and his wife became famous for their out sized and ou out outlandish projects and "over the river" i
said the deal has already benefitted his country's economy. >>> remembering nelson mandela. today marks the beginning of a week of remembrance. they have a day of prayer and reflection. earlier today the mandela foundation held a service. services like this were held throughout the country and really around the world. alan joins us life from south africa. alan, how are people paying tribute to mandela? from what i hear and see behind is any indication, they're doing it by celebrating. >> reporter: absolutely, richelle. the folks here in soweto are handling the party end of that equati equation. they've been doing it for days now and they'll go long into the night, too, and through the wee hours. it's a tremendous scene. for the more sub dued and reflective part of the formula, the national day of prayer. we attended mass at a huge catholic church not far from him. the population of the congregation in church today, the sounds of soweto, of a nation on what is not just another sunday. ♪ >> reporter: the congregation of the biggest catholic church in this largest christian country celeb
, thank you. >>> positive signs for our economy tonight. the country's job market is getting stronger. the nation's unemployment fell to 7% in november. the lowest level we have seen in five years. analysts say it's because of a surprising boost in payrolls. employers added 203,000 jobs last month. it's about 20,000 more jobs than analysts were expecting. the economy added jobs for four straight months. >> that news sent the stock market soaring today. the dow closing 198 points higher, over the 16,000 mark. there were concerns it fed would take action on bond purchases which kept interest rates low and supported the stock market. >>> the d.c. police chief faced the media with several officers under investigation. what we learned about an officer accused of taking nude pictures of a 15-year-old girl. >>> two men wanted for a home invasion. >> reporter: consultants told the gaming commission they need to go with mgm. part of the reason location location location. i'll explain and hear what the competitors have to say, coming up on news 4 at 6:00. ♪ and all the fun we
perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives
this week? and the economy. well, there is plenty to look out for. zane asher is at the new york stock exchange. zane? >> deb, this upcoming week on wall street, we will introduce a brand new airline. well, kind of. american and u.s. air will merge into the biggest airline monday. ceos of the two companies will bring the nasdaq's opening bill. ticket will be aal. new name, american. as for the economy, there will be reports on jobless claims, and retail sales. numbers are critical because they are for november, the shart of the holiday shopping season. so far signes have been mixed. black friday weekend sales dropped for the first time since the recession but cyber monday sales rose to an all-time high. report next week from the government will be the definitive view. deb, that's what's coming up this week on wall street. >> zain asher, thank you. >>> finally, question number five. who will win the heisman trophy? florida's quarterback could be honored. jameis winston is the odds-on favorite. the winner will be announced next saturday. >>> and don't go anywhere. sports columnist terren
elect them. but they've realized now that they've been sold a pig in a poke. the economy is not getting better. they're discouraged over the whole thing. they're down on both parties. they're unhappy. >> we have a little bit of the president at a youth summit from the past week hitting on, i guess, maybe this is the beginning of the pr campaign. let's watch that and then i have a tweet i want to share. >> if you're a student body president, set up a spot on campus. open your doors and use an e-mail list to help people learn the facts. if you're a bartender, have a happy hour. >> bartender, really? >> this reflects, and i dare say, pat, i think you would agree with this, desperationen by the president. bottom line, if young people don't sign up, if only 22% or 25% don't sign up, it means that the affordable care act's economics don't work. there isn't the resources to sustain the plan. so the president has got to get everybody involved. and that speech, harris, i think he's just tilting at wind mills. >> so then we would call it the ca, and take out the affordable. >> unaffordable. >> an
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